Network Rail makes indicative offer for some British Steel assets
But railway infrastructure operator says it would prefer a buyer for all the steel maker’s operations
30 June 2019 - 17:26
Bengaluru — Britain’s Network Rail said on Sunday it has made an indicative offer for some “railway critical” assets of British Steel, the country’s second-largest steel producer which went into liquidation in May.
State-owned Network Rail is a British Steel customer, buying about 100,000 tons of rails a year from the company, which was put into compulsory liquidation on May 22 after Greybull Capital, which bought it from Tata Steel three years ago, failed to secure extra funding...
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